Setting your own risk profile is a crucial step in creating an investment strategy that matches your comfort level with potential losses and your financial goals. Your risk profile is influenced by factors like your age, financial situation, investment timeline, and emotional ability to handle market volatility.
Steps to Set Your Risk Profile:

Assess Your Risk Tolerance:

Conservative: You prefer stability and are uncomfortable with the possibility of losing money, even if it means lower returns. Ideal for short-term goals or retirees who need to preserve capital.
Moderate: You are willing to accept some risk for higher returns but prefer a ...